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are stopping by. all leading up to the meeting on friday. john boehner, harry reid, mitch mcconnell, the same group last year. since that meeting, republicans have been discussing revenue increases. democrats want tax rate increases. republicans say there are other ways to get there like curbing tax deductions. >> this whole notion of capital gains and dividend taxes is really an explicit to pension funds and the ability of moms and pops that are out there to have income producing small capital investments. rich: the president's budget increases the top tax rate from 15 to 20%. meeting friday at the white house. back to you. lori: we know you will be there, rich. thank you. melissa: the president calling on congressional leaders to work together. congress has a voter mandate not to raise taxes. joining us now is steve moore from the "wall street journal." thank you for hopping on the phone to talk to us. i am really interested in the interview that you did. he said over the weekend "let me put it very clearly, i am not willing to turn off taxes for the sequester." >> one of the things that ca
. stuart: the message is very clear from the democrats, tax the rich, but republican senator mitch mcconnell, says, not so fast. a line has been drawn in the sand in washington. get ready for a fight. we'll cover it next. >> pay our fair share of taxes. paying my fair share of taxes. everybody paying their fair share. americans who can afford it should pay their fair share. time for congress to stand up for the middle class and make our tax system fairer. we have to make sure we have got a tax system that reflects everybody's doing their fair share. americans who can't afford it should pay tear fair share. i believe everybody should have a fair shot. and everybody should do their fair share. stuart: that is president obama bringing back bill clinton's theme, pay your fair share, i know is sounds different with a british accent. pay your fair share. he said it so much became a campaign slogan, tax the rich. senator harry reid said the results of tuesday are proof that americans want to tax the rich. however, the republicans have fired back. here's what senate minority leader mitch mcconnell s
've never served there. but i can say with in the senate, both harry reid and mitch mcconnell are friends of mine. both are dedicated to the institution, and both are very good dealmakers. neil: you just read my next point. he has just been reelected. of course. >> the president has to make the fiscal cliff and the long-term sustainability of our fiscal policy is the number one priority. i don't know, but it has to be. because of it's not, it's going to go in and for the next four years. >> i think it would be playing russian roulette so you can improve your leverage. neil: everything explodes. >> i believe he will negotiate in good faith -- he did so about a year ago. the president, i would have hoped, would have endorsed the simpson-bowles proposal. what i would like to see him be gone in the lame-duck session, and i hope his republican friends will join is having a default position. they are not going to solve the problems soon. >> but it will be an agreements between the two parties? >> it is not a calamity if they don't agree. [talking over each other] [talking over each other] neil:
mitch mcconnell making the same thing abundantly clear. we are right back where we started. >> right back where we started. the american people voted on tuesday night to continue the dysfunction that we have had for the last two years. the president seems to act like he has been given a mandate, somehow he has been given this great victory. lou: important he did not use that word. >> thankfully, but here is the important thing, and i agree with my colleagues and friends here. there is not a coequal branch of government. the congress has controlled by the house of representatives, republicans, and senate the democrats. mr. obama, even though he thinks as these guys have already said, that he will press for his tax increase on the rich, it's not going to happen. the house was reelected, but a smaller government, keeping government spending in check, and, of course, not raising taxes. if he thinks that house republicans we will roll over, i think he's in for reawakening. lou: one for the country came today when we were stunned by the announcement of david patraeus resignation as cia dir
for the election season. mitch mcconnell meeting with the new republican senator in that body, democrats and republicans returning to capitol hill and on friday the big meeting, president obama, congressional leaders start talking fiscal cliff. cheryl: they need to get going. thank you, live at the white house. dennis: labor leaders love president obama but can he bring business leaders in? we meet with ceos tomorrow and trying to get republicans to compromise. republican senator and minority whip roger wicker of mississippi joins us from the capital. president obama says his reelection means we will tax the rich. democrats, republicans say they are old and the house meaning we won't raise taxes on any one. are you two side going to blow this and what let happen? >> i hope not. there is room for compromise. but i don't think labor leaders are going to get everything they want today. it is an election celebration but the voters in their wisdom have given us divided government again. democratic president, democratic senate and republican house and republican speaker. there's going have to
. mitch mcconnell was stronger saying he was nt sent to washington to raise taxes to pay for more wasteful spending. this election has not changed anything. neil, the discussions, at least face-to-face beg next week. the president invited congressional leaders to the white house for a meeting, and congressional leaders are rking out a date and time. back to you. neil: rich, do you get a sense there's a difference between the house and senate approach to this? i agree with you in hearing mitch, sounding like no compromise, but boehner left a potential compromise on things like tax credits, allowances, various writeoffs they shut down which would be a tax increase, but in the sweeping sense of raising tax rates would not, and that's where he finds the wiggle room with acceptance on the part of the white house that for now being accepble. what do you think? >> absolutely. the difference being that house speaker john bane has to be the one who signs off on this deal and brings this deal up. senate majority leader, the minority leader now, will be, likely in january, and he can run opposition
might be familiar with -- you probably get to it late in the day. mitch mcconnell was interviewed, a very good interview. he points out he has not had a meeting with the president in over a year and a half. the subject of a story in "the new york times" when the first 18 months of the present administration never had a one-on-one meeting with him. i met with the house finance committee for five months ago, they too had not had a meeting with the president. if you have none of that trust you can build up comic makes it so much more difficult. it is mysterious how this man works in terms of trying to get anything. neil: i know what he's working on. i know he won the election, but people mistake a victory for a mandate today which is just about assembling a man cave. leaving that aside, people interpret too much from that and both sides have to juggle here. >> if he is consistent with his pattern, we will have a problem. neil: he is not giving up on the tax hike on the rich. is their flexibility? would he be open to eliminating deductions are closin were closg loopholes and all that?
and mitch mcconnell says they are open to overall tax reform. the speaker says he's open to getting revenue from the tax system. but he says as far as rates are concerned, increase of tax rates, which is the white house wants they are not open to that. they say the election did not create a consensus for that. also a little bit of information as far as who is going to be negotiating this thing. treasury secretary geithner says the white house will be on at least through the inauguration. back to you. liz: rich, any word because you know the republicans did pass on $1 of tax hikes for $10 of spending cuts. would they revisit that? is anybody talking about that? rich: they are not talking specific numbers yet. this is so early in the negotiations. house speaker boehner says i don't want to box us in. i don't want to box the white house in. we need to start the talks first. liz: rich edson. 40 minutes before the closing bell rings. president obama says he's serious about tackling the debt problem. he's even reaching out to big bank executives. getting their ideas. charlie gasparino has the exc
. that person is not really identified right now. mitch mcconnell leads the senate minority. john boehner leads the house majority but they're not leading the party. and -- i'm sorry. lori: will paul ryan have resurgence? >> that is interesting question. he lost his home state. governor romney and paul ryan lost his home state in wisconsin. they didn't do well there. he, to me it is a very open question as to what his role will be. it will be obviously have the opportunity to create a role and to define himself better but he sure going to have to be more than a one-trick pony. he has to learn to say something besides budget. it is really important that he go beyond that in his, in his political persona. the, you know the republicans have got lots of smart folks but man those smart folks have to start thinking and they have got to start working. we have a lot of lazy republicans it looks to me like. and i'm talking about leading the party, and it in its various factions. we have lazy republicans when it comes to turning out to vote. that was the big deal. melissa: go vote. lou dobbs, thank you s
heard from speaker john boehner and mitch mcconnell on their position because they will all be here at the white house on friday to get these talks kick started. melissa: thank you so much. lori: estevez houston with a news conference, president obama will be sitting down with a ceos to talk about solutions to avoid the fiscal cliff. rich edson in washington as well the latest developments. >> good afternoon. wrapping in the 2:00 hour, leaves the east room, here to the west wing where he will meet with about a dozen ceos, half of whom are part of the export counselor, jobs council, or they are very familiar with the white house, in particular this white house. the discussion is of the opening offer on taxes, $1.6 trillion in tax increases, most of that tax increases on rate and deductions for those earning more than $250,000 per year. republicans wanted an overhaul of the entire tax system and create revenue through an overhaul of the tax code mostly by getting rid of deductions. saying no to higher rates. that is the risk the treasury secretary shot down. >> there's a lot of magica
Search Results 0 to 22 of about 23 (some duplicates have been removed)